express private passive trust

A trust in which land is conveyed to or held by one person in trust for another, without any power being expressly or impliedly given to the trustee to take actual possession of the land or exercise any ownership rights over it, except at the beneficiary’s direction. [Cases: Trusts 136. C.J.S. Trover and Conversion §§ 13, 243.]

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词条贡献者

资深译员Walker，毕业于亚洲一流的高级翻译学院，擅长翻译各类与尽职调查相关的法律文件。